SEC Gives Private Equity Firm Welsh Carson a Wet Noodle Lashing Over Purchasing Kickback Abuse
More SEC enforcement theater on the private equity front.
Read more...Author Archives: Yves Smith
Warren Buffett’s Mortgage Companies Engage in Alleged Discrimination Against Minority Borrowers, Violating Fair Housing Act
An investigative report suggests that Berkshire Hathaway’s mortgage lending operation discriminates against minority borrowers.
Read more...New York Attorney General Eric Schneiderman Resigns Due to Sexual Assault Allegations, After Getting Away With Selling Out Homeowners
Good riddance to Eric Schneiderman.
Read more...Brexit: Crisis Nigh
Brexit crunch time is approaching fast.
Read more...200th Anniversary of the Birth of Marx and a Revolution in Understanding History
How Marx recognized the economic forces that give rise to and perpetuate ideologies that promote injustice.
Read more...Links 5/5/18
Gimme Shelter Q1 2018 Update: Rents and House Prices All at or Near New Extremes
Why buying a house looks to be a better deal than renting, even at today’s nosebleed prices.
Read more...Corbyn’s Critics: Time to Come Round
After six shocks in three years, can Corbyn sceptics face the party’s new reality?
Read more...How Bill Cosby, Obama and Mega-Preachers Sold Economic Snake Oil to Black America
How neoliberal ideas infected black politics.
Read more...Reader Inquiry: How’s Your Climate?
Seeking reader observations on the impact of climate change in their environs.
Read more...Gaius Publius: Setting a Perjury Trap for Trump
Is Mueller engaging in prosecutorial overreach in the form of trying to set a perjury trap for Trump?
Read more...Congress Offers Bipartisan Blank Warmaking Check to Donald Trump
Major Danny Sjursen chronicles the sorry history of Congress ceding its check on war-making powers.
Read more...The Real Driver of Rising Inequality
Wage suppression—not monopoly power—is fueling corporate profits and the relentless rise in inequality.
Read more...Links 5/3/18
New Report: Most State Pension Funds, Including CalPERS, Lag 60/40 Investment Mix at Higher Cost, Resulting in Even Higher Shortfalls
Yet another stunning indictment of public pension fund management. If the biggest funds with the best staffs can’t beat a simple Vanguard portfolio, why aren’t more heads rolling?
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